Job Abstract

Principal Associate - Accounting

As a key component of resiliency, Liquidity in a post-COVID environment has been a key focus area for financial markets and Regulatory Agencies.  As a Principal Associate supporting FR 2052a Liquidity Monitoring and Reporting, you will gain a deep understanding of Capital One’s products, funding sources, and corresponding risk and liquidity profiles and how these inform regulatory agencies’ policy and market responses.  Additionally; as liquidity reporting requires data from across the enterprise, this role is exposed to multiple systems and processes leveraged to source and transform financial data to meet one of the fastest “record to report” (T+2) financial filings at Capital One.  Capital One is a Category III bank, therefore a monthly (T+2 and T+15) FR 2052a filer.

Furthermore, this role supports On Demand Finance Transformation imperatives affecting regulatory filings including the interpretation and implementation of complex liquidity reporting requirements (mandated 2052a reporting changes and implementation of the Net Stable Funding Ratio “NSFR”) through data sourcing, transformation logic, and technologies to report to U.S. Regulatory Agencies including the Federal Reserve Board (FRB).  

Responsibilities: 

• Support timely data sourcing, processing, and analytics within monthly FR 2052a Liquidity Reporting production and dry run executions. 

• Engage with upstream data providers, outsourcing partners, and other teams across finance and the lines of business to ensure process integrity; with an emphasis on controls over timeliness, completeness, and accuracy of data and alignment to other significant regulatory reports as applicable. 

• Ensure compliance with regulatory reporting and documentation standards, proper execution of internal controls, and maintain ongoing audit readiness.

• Preparation and review of detailed quantitative analysis supporting the 2052a Liquidity reporting using Tableau and self-service source system queries.

• Perform detailed analysis and testing to support implementation of new products, business transactions, and changes in regulatory reporting requirements.

• Support enterprise-wide data transformation, automation, and process and control improvements for the end-to-end data sourcing to reporting process.  

• Work closely with accounting, treasury, and technology partners in the identification, quantification, and resolution of data and reporting issues.

• Build collaborative relationships with multiple partners to understand trends, products, and changes that may impact data sourcing, analysis, and reporting.  

Basic Qualifications:

• Bachelor's Degree or military experience

• At least 3 years of experience in Accounting, Finance, or Auditing, or a combination

• At least 3 years of experience with Google Office or Microsoft Office products, or a combination

Preferred Qualifications:

• Certified Public Accountant (CPA)

• 2+ years of external reporting experience; including working knowledge of liquidity (FR 2052a, LCR Rule, NSFR Rules), Y9C, Call Reports, Basel Capital reporting, or a combination 

• Experience with data analysis and visualization tools such as Tableau, Python scripting, SQL, or QuickSight, or a combination

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.  

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).